NEXI SPA (NEXI.MI) Stock Fundamental Analysis

Europe • Euronext Milan • BIT:NEXI • IT0005366767

3.41 EUR
-0.18 (-4.91%)
Last: Feb 3, 2026, 05:36 PM
Fundamental Rating

5

Overall NEXI gets a fundamental rating of 5 out of 10. We evaluated NEXI against 55 industry peers in the Financial Services industry. NEXI has only an average score on both its financial health and profitability. NEXI has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • NEXI had positive earnings in the past year.
  • NEXI had a positive operating cash flow in the past year.
  • Of the past 5 years NEXI 4 years were profitable.
  • Each year in the past 5 years NEXI had a positive operating cash flow.
NEXI.MI Yearly Net Income VS EBIT VS OCF VS FCFNEXI.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M -1B

1.2 Ratios

  • NEXI has a Return On Assets (0.68%) which is comparable to the rest of the industry.
  • Looking at the Return On Equity, with a value of 1.58%, NEXI is in line with its industry, outperforming 43.64% of the companies in the same industry.
  • NEXI has a Return On Invested Capital (1.39%) which is in line with its industry peers.
  • The Average Return On Invested Capital over the past 3 years for NEXI is significantly below the industry average of 9.19%.
  • The last Return On Invested Capital (1.39%) for NEXI is above the 3 year average (1.03%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.68%
ROE 1.58%
ROIC 1.39%
ROA(3y)-0.86%
ROA(5y)-0.08%
ROE(3y)-2.09%
ROE(5y)0.46%
ROIC(3y)1.03%
ROIC(5y)1.15%
NEXI.MI Yearly ROA, ROE, ROICNEXI.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10

1.3 Margins

  • NEXI has a worse Profit Margin (2.85%) than 60.00% of its industry peers.
  • NEXI's Profit Margin has declined in the last couple of years.
  • With a Operating Margin value of 7.08%, NEXI is not doing good in the industry: 60.00% of the companies in the same industry are doing better.
  • In the last couple of years the Operating Margin of NEXI has grown nicely.
  • NEXI has a Gross Margin of 57.47%. This is comparable to the rest of the industry: NEXI outperforms 54.55% of its industry peers.
  • In the last couple of years the Gross Margin of NEXI has remained more or less at the same level.
Industry RankSector Rank
OM 7.08%
PM (TTM) 2.85%
GM 57.47%
OM growth 3Y63.82%
OM growth 5Y17.09%
PM growth 3Y28.31%
PM growth 5Y-21%
GM growth 3Y1.91%
GM growth 5Y0.61%
NEXI.MI Yearly Profit, Operating, Gross MarginsNEXI.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so NEXI is destroying value.
  • Compared to 1 year ago, NEXI has less shares outstanding
  • The number of shares outstanding for NEXI has been increased compared to 5 years ago.
  • The debt/assets ratio for NEXI has been reduced compared to a year ago.
NEXI.MI Yearly Shares OutstandingNEXI.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
NEXI.MI Yearly Total Debt VS Total AssetsNEXI.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.2 Solvency

  • Based on the Altman-Z score of 1.15, we must say that NEXI is in the distress zone and has some risk of bankruptcy.
  • NEXI has a Altman-Z score of 1.15. This is comparable to the rest of the industry: NEXI outperforms 45.45% of its industry peers.
  • NEXI has a debt to FCF ratio of 10.65. This is a negative value and a sign of low solvency as NEXI would need 10.65 years to pay back of all of its debts.
  • NEXI has a Debt to FCF ratio (10.65) which is in line with its industry peers.
  • A Debt/Equity ratio of 0.53 indicates that NEXI is somewhat dependend on debt financing.
  • NEXI has a Debt to Equity ratio (0.53) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 10.65
Altman-Z 1.15
ROIC/WACC0.2
WACC6.9%
NEXI.MI Yearly LT Debt VS Equity VS FCFNEXI.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2B 4B 6B 8B 10B

2.3 Liquidity

  • A Current Ratio of 1.68 indicates that NEXI should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.68, NEXI is in the better half of the industry, outperforming 69.09% of the companies in the same industry.
  • NEXI has a Quick Ratio of 1.68. This is a normal value and indicates that NEXI is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.68, NEXI is in the better half of the industry, outperforming 70.91% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.68
Quick Ratio 1.68
NEXI.MI Yearly Current Assets VS Current LiabilitesNEXI.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

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6

3. Growth

3.1 Past

  • NEXI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 119.23%, which is quite impressive.
  • Measured over the past years, NEXI shows a decrease in Earnings Per Share. The EPS has been decreasing by -7.37% on average per year.
  • The Revenue has been growing slightly by 6.48% in the past year.
  • Measured over the past years, NEXI shows a very strong growth in Revenue. The Revenue has been growing by 32.10% on average per year.
EPS 1Y (TTM)119.23%
EPS 3Y55.36%
EPS 5Y-7.37%
EPS Q2Q%441%
Revenue 1Y (TTM)6.48%
Revenue growth 3Y28.05%
Revenue growth 5Y32.1%
Sales Q2Q%7.96%

3.2 Future

  • The Earnings Per Share is expected to grow by 13.43% on average over the next years. This is quite good.
  • NEXI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.34% yearly.
EPS Next Y12.36%
EPS Next 2Y9.7%
EPS Next 3Y9.66%
EPS Next 5Y13.43%
Revenue Next Year2.79%
Revenue Next 2Y2.46%
Revenue Next 3Y2.92%
Revenue Next 5Y4.34%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
NEXI.MI Yearly Revenue VS EstimatesNEXI.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 1B 2B 3B 4B 5B
NEXI.MI Yearly EPS VS EstimatesNEXI.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.2 0.4 0.6 0.8 1

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5

4. Valuation

4.1 Price/Earnings Ratio

  • NEXI is valuated rather expensively with a Price/Earnings ratio of 22.73.
  • NEXI's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of NEXI to the average of the S&P500 Index (28.41), we can say NEXI is valued inline with the index average.
  • NEXI is valuated cheaply with a Price/Forward Earnings ratio of 4.78.
  • NEXI's Price/Forward Earnings ratio is rather cheap when compared to the industry. NEXI is cheaper than 89.09% of the companies in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 25.64, NEXI is valued rather cheaply.
Industry RankSector Rank
PE 22.73
Fwd PE 4.78
NEXI.MI Price Earnings VS Forward Price EarningsNEXI.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • NEXI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NEXI is cheaper than 76.36% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NEXI indicates a rather cheap valuation: NEXI is cheaper than 83.64% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.21
EV/EBITDA 5.96
NEXI.MI Per share dataNEXI.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 -4 6 8

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NEXI does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)1.84
PEG (5Y)N/A
EPS Next 2Y9.7%
EPS Next 3Y9.66%

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5

5. Dividend

5.1 Amount

  • NEXI has a Yearly Dividend Yield of 6.94%, which is a nice return.
  • Compared to an average industry Dividend Yield of 2.10, NEXI pays a better dividend. On top of this NEXI pays more dividend than 92.73% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.83, NEXI pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.94%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 187.58% of the earnings are spent on dividend by NEXI. This is not a sustainable payout ratio.
DP187.58%
EPS Next 2Y9.7%
EPS Next 3Y9.66%
NEXI.MI Yearly Income VS Free CF VS DividendNEXI.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M -1B
NEXI.MI Dividend Payout.NEXI.MI Dividend Payout, showing the Payout Ratio.NEXI.MI Dividend Payout.PayoutRetained Earnings

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NEXI SPA

BIT:NEXI (2/3/2026, 5:36:15 PM)

3.41

-0.18 (-4.91%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)11-04
Earnings (Next)02-05
Inst Owners21.75%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap4.00B
Revenue(TTM)5.88B
Net Income(TTM)167.36M
Analysts76.36
Price Target5.62 (64.81%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 6.94%
Yearly Dividend0
Dividend Growth(5Y)N/A
DP187.58%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.01%
PT rev (3m)-14.92%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.1%
EPS NY rev (3m)0.39%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 22.73
Fwd PE 4.78
P/S 0.68
P/FCF 6.21
P/OCF 3.74
P/B 0.38
P/tB N/A
EV/EBITDA 5.96
EPS(TTM)0.15
EY4.4%
EPS(NY)0.71
Fwd EY20.93%
FCF(TTM)0.55
FCFY16.09%
OCF(TTM)0.91
OCFY26.75%
SpS5.02
BVpS9.02
TBVpS-4.6
PEG (NY)1.84
PEG (5Y)N/A
Graham Number5.52
Profitability
Industry RankSector Rank
ROA 0.68%
ROE 1.58%
ROCE 1.86%
ROIC 1.39%
ROICexc 1.61%
ROICexgc 10.24%
OM 7.08%
PM (TTM) 2.85%
GM 57.47%
FCFM 10.94%
ROA(3y)-0.86%
ROA(5y)-0.08%
ROE(3y)-2.09%
ROE(5y)0.46%
ROIC(3y)1.03%
ROIC(5y)1.15%
ROICexc(3y)1.05%
ROICexc(5y)1.18%
ROICexgc(3y)4.14%
ROICexgc(5y)4.26%
ROCE(3y)1.85%
ROCE(5y)2.32%
ROICexgc growth 3Y85.42%
ROICexgc growth 5Y23.49%
ROICexc growth 3Y107.74%
ROICexc growth 5Y13.46%
OM growth 3Y63.82%
OM growth 5Y17.09%
PM growth 3Y28.31%
PM growth 5Y-21%
GM growth 3Y1.91%
GM growth 5Y0.61%
F-Score7
Asset Turnover0.24
Health
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 10.65
Debt/EBITDA 4.21
Cap/Depr 46.06%
Cap/Sales 7.25%
Interest Coverage 250
Cash Conversion 79.73%
Profit Quality 384.47%
Current Ratio 1.68
Quick Ratio 1.68
Altman-Z 1.15
F-Score7
WACC6.9%
ROIC/WACC0.2
Cap/Depr(3y)42.35%
Cap/Depr(5y)56.56%
Cap/Sales(3y)8.77%
Cap/Sales(5y)9%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)119.23%
EPS 3Y55.36%
EPS 5Y-7.37%
EPS Q2Q%441%
EPS Next Y12.36%
EPS Next 2Y9.7%
EPS Next 3Y9.66%
EPS Next 5Y13.43%
Revenue 1Y (TTM)6.48%
Revenue growth 3Y28.05%
Revenue growth 5Y32.1%
Sales Q2Q%7.96%
Revenue Next Year2.79%
Revenue Next 2Y2.46%
Revenue Next 3Y2.92%
Revenue Next 5Y4.34%
EBIT growth 1Y7.2%
EBIT growth 3Y109.78%
EBIT growth 5Y54.68%
EBIT Next Year52.94%
EBIT Next 3Y20.92%
EBIT Next 5Y14.74%
FCF growth 1Y594.19%
FCF growth 3Y131.82%
FCF growth 5Y109.91%
OCF growth 1Y174.5%
OCF growth 3Y44.33%
OCF growth 5Y40.14%

NEXI SPA / NEXI.MI FAQ

What is the fundamental rating for NEXI stock?

ChartMill assigns a fundamental rating of 5 / 10 to NEXI.MI.


What is the valuation status for NEXI stock?

ChartMill assigns a valuation rating of 5 / 10 to NEXI SPA (NEXI.MI). This can be considered as Fairly Valued.


How profitable is NEXI SPA (NEXI.MI) stock?

NEXI SPA (NEXI.MI) has a profitability rating of 4 / 10.


What is the valuation of NEXI SPA based on its PE and PB ratios?

The Price/Earnings (PE) ratio for NEXI SPA (NEXI.MI) is 22.73 and the Price/Book (PB) ratio is 0.38.


How sustainable is the dividend of NEXI SPA (NEXI.MI) stock?

The dividend rating of NEXI SPA (NEXI.MI) is 5 / 10 and the dividend payout ratio is 187.58%.